financial instrument

13as defined in Annex B of the Investment Services Directive, the following instruments:

1. (a)
   1. (i) transferable securities;
   2. (ii) units in collective investment undertakings;
2. (b) money-market instrument;
3. (c) financial futures contracts, including equivalent cash-settled instruments;
4. (d) forward interest rate agreements (FRAs);
5. (e) interest rate, currency and equity swaps; and
6. (f) options to acquire or dispose of any of the instruments in (a) to (e), including equivalent cash-settled instruments (including in particular options on currency and options on interest rates).